AptarGroup Inc (ATR)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 0.22 | — | — | — | 0.29 | — | — | — | 0.17 | — | — | — | 0.25 | — | — | — | 8.30 | — | — | — | |
| Number of days of payables | days | 1,679.64 | — | — | — | 1,260.77 | — | — | — | 2,134.08 | — | — | — | 1,431.66 | — | — | — | 43.97 | — | — | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.22
= 1,679.64
AptarGroup Inc's number of days of payables has been fluctuating over the years based on the provided data. The days of payables represent the average number of days it takes for the company to pay its suppliers or vendors.
As of December 31, 2020, AptarGroup had 43.97 days of payables, indicating that on average, the company took nearly 44 days to settle its outstanding payables. This suggests that the company was managing its payables efficiently and possibly taking advantage of any available trade credit terms.
The number of days of payables increased significantly to 1,431.66 days by the end of December 31, 2021. This sharp increase could indicate a potential issue with the company's working capital management or delays in payment processing during this period.
Subsequently, the number of days of payables continued to rise, reaching 2,134.08 days by December 31, 2022. This exceptionally high number implies a significant delay in paying its suppliers, which may lead to strained relationships or potential cash flow challenges.
By December 31, 2023, the days of payables decreased to 1,260.77 days, indicating some improvement in paying off outstanding obligations compared to the peak in 2022. However, the number remains high, suggesting that AptarGroup may still be facing difficulties in timely settling its payables.
Overall, the trend in AptarGroup Inc's number of days of payables shows significant fluctuations, which could be a point of concern for stakeholders evaluating the company's financial health and operational efficiency in managing its supplier payments.
Peer comparison
Dec 31, 2024